Change Financial (Change Financial) Total Current Assets : $5.59 Mil (As of Dec. 2023)

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What is Change Financial Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Change Financial's total current assets for the quarter that ended in Dec. 2023 was $5.59 Mil.

Change Financial Total Current Assets Historical Data

The historical data trend for Change Financial's Total Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Change Financial Total Current Assets Chart

Change Financial Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Current Assets

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1.74

3.37

6.75

3.93

8.32

Change Financial Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Current Assets	Get a 7-Day Free Trial											4.49	3.93	4.86	8.32	5.59

Change Financial Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Change Financial's Total Current Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	5.351	+	2.121	+	0	+	0.849
	=	8.32

Change Financial's Total Current Assets for the quarter that ended in Dec. 2023 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	3.152	+	1.674	+	0	+	0.76
	=	5.59

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Change Financial (OTCPK:CNGFF) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Change Financial's Liquidation Value for the quarter that ended in Dec. 2023 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.152	-	6.207	+	0.75 * 1.734	+	0.5 * 0
=	-1.75

Change Financial Total Current Assets Related Terms

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Change Financial (Change Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Change Financial Ltd (OTCPK:CNGFF) » Definitions » Total Current Assets

Comparable Companies

Traded in Other Exchanges

CCA:Australia

Address

82 Eagle Street, Level 11, Brisbane, QLD, AUS, 4000

Website

https://www.changefinancial.com

Change Financial Ltd is a fintech company. It develops payment processors and provides mobile banking services through its mobile application. The company operates in a single segment that is the development and provision of card payments software and services. The company serves business and financial institutions.

Change Financial (Change Financial) Headlines

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